Share-Based Compensation (Tables)

12 Months Ended

Jan. 31, 2016

Share-based Compensation [Abstract]

The compensation cost and related income tax benefit for these plans

The compensation cost and related income tax benefit for these plans were as follows:

	For the years ended January 31,
	2016		2015		2014
Share-based compensation cost	$	2,311	$	4,213	$	4,198
Tax benefit	819		1,504		1,460

Weighted average assumptions by grant year

The weighted average assumptions used for the Black-Scholes option pricing model by grant year are as follows:

	For the years ended January 31,
	2016			2015			2014
Risk-free interest rate	1.33		%	1.32		%	0.59		%
Expected dividend yield	2.59		%	1.53		%	1.46		%
Expected volatility factor	36.81		%	38.65		%	41.39		%
Expected option term (in years)	3.75			4.00			3.75
Weighted average grant date fair value	$	4.77		$	9.18		$	9.34

Outstanding stock options

Outstanding stock options as of January 31, 2016 and activity for the year then ended are presented below:

	Number of options		Weighted average exercise price		Aggregate intrinsic value		Weighted average remaining contractual term (years)
Outstanding, January 31, 2015	1,015,275		$	29.04
Granted	289,600		20.09
Exercised	(50,000	)	15.49
Forfeited	(72,400	)	27.42
Expired	(256,525	)	24.18
Outstanding, January 31, 2016	925,950		$	28.44	$	—	2.48
Outstanding exercisable, January 31, 2016	453,425		$	31.30	$	—	1.48

Activity for RSUs under the Plan

Activity for performance-based RSUs under the Plan in fiscal 2016 was as follows:

	Number of restricted stock units expected to vest		Weighted average grant date fair value
Outstanding, January 31, 2015	152,439		$	32.40
Granted	68,570		20.09
Vested	(52,502	)	31.66
Forfeited	(17,783	)	28.27
Performance-based adjustment	(84,656	)	29.02
Outstanding, January 31, 2016	66,068		$	25.65
Cumulative dividends, January 31, 2016	7,557

Activity for time-vested RSUs under the Plan in fiscal 2016 was as follows:

	Number of restricted stock units		Weighted average grant date fair value
Outstanding, January 31, 2015	68,137		$	31.27
Granted	39,025		19.25
Vested	(18,526	)	31.66
Forfeited	(6,710	)	29.97
Outstanding, January 31, 2016	81,926		$	25.53
Cumulative dividends, January 31, 2016	3,107

Outstanding stock units

Outstanding stock units as of January 31, 2016 and changes during the year then ended are presented below:

	Number of stock units	Weighted average price
Outstanding, January 31, 2015	69,347	$	21.44
Granted	18,721	19.23
Deferred retainers	3,120	19.23
Dividends	2,546	17.67
Outstanding, January 31, 2016	93,734	$	20.82